News

Enel acquires U.S. storage company Demand Energy

Through its subsidiary Enel Green Power North America, Italian multinational the Enel Group has announced the acquisition of a 100% stake in Demand Energy, a U.S. company specializing in intelligent software and storage systems.

PV, micro-grids win the bulk of IRENA funding for developing countries

The fourth round of a joint project facility between Irena and the Abu Dhabi Fund for Development that finances renewable energy projects in developing countries has been announced. Solar PV and micro-grid technologies attract the main bulk of funding.

The pv magazine weekly news digest

It’s back to business as usual for solar in the second week of January. After a brief new year’s rest, the global industry is hitting 2017 at full speed and already showing the beginnings of another action packed year.

United PV’s generation jumps 25.6% in Q4

The aggregate volume of electricity generated by the Hong Kong-listed group’s solar plants reached 342.8 GWh in the final three months of 2016, up from 254.9 GWh a year earlier.

AES, Mitsubishi tie up on India’s first grid-scale storage array

The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.

Japan’s Looop signs 40 MW development plan in Kenya

The Tokyo-based PV module supplier has moved forward with the development of its first utility-scale PV plant by signing a memorandum of understanding (MOU) with the authorities in Kitui county, roughly 170 kilometres southeast of Nairobi.

EDF awarded PPA for 111.2 MW U.S. solar plant

The Valentine Solar Project, located in Kern County’s Mojave Desert, is expected to start selling electricity to Southern California Edison in 2019.

Solar Power Europe: “Innovation in business models and financing is key”

A report published this week by EU trade body Solar Power Europe puts emphasis on innovative business models and financing schemes as the key drivers taking solar to the next stage in its development across the continent.

Morocco: 170 MW of solar PV at €0.042/kWh

Masen, Morocco’s public agency for renewable energies, has revealed that Acwa Power will develop 170 MW of solar PV plants in the country at a rate of €0.0422 per kWh.

BNEF: Global solar investment fell 32% in 2016

While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.